The outlook for Chinese equities in 2026 is bright. Its ability to stand up to US trade demands reflects the narrowing technological gap between the two economies. We anticipate a less confrontational approach towards trade in 2026 as both sides seek to focus on growing their economies.
The defining feature of every bubble is the same: a growing inconsistency between the long-term returns that investors expect in their heads - based on extrapolation of the past, and the long-term returns that properly relate prices to likely future cash flows - based on valuations. Every bubble smuggles the same tragic past into the same tragic future by packaging it with new wrinkles that convince investors that this time is different. Ultimately, they still end the same way.
In 2025, the prices of precious metals rose sharply, with silver prices recently surging past $80 per ounce. Of course, when precious metals rise, there is always the same group of commentators (mostly paid newsletter writers and physical metal dealers) to declare that a financial analysis is underway.
As the private-credit market matures, it’s also becoming more accessible to a wider range of investors. But variation in outcomes has increased. In our view, that’s a byproduct of growing scale and competition.
With 2025 in the books, we take a brief pause to reflect on QuantStreet over the last few years. We started managing our first portfolio in December of 2021. What started out as just an idea has grown into a business serving many clients, both retail and institutional. 2025 was a year of growth for QuantStreet, and we hope to continue to build on this in 2026.
Now, as we turn the page to 2026, new challenges await: geopolitical tensions, lofty valuations, and an evolving macro backdrop. That’s why we’re excited to unveil our Ten Themes for 2026, inspired by Mission: Impossible, celebrating the 30th anniversary of its first movie this year.
Nuclear power tends to be attractive for its reliability, longevity, and emission free-power generation. Despite these benefits, nuclear energy represents a relatively small portion of worldwide power generation. In 2024, nuclear accounted for 9% of the global electricity mix.
Our 2026 outlook shows fixed income continuing to benefit from elevated rates, while equities still face a narrowing edge over risk-free investments.
In late December, I attended the Direxion Investments opening bell ceremony at the New York Stock Exchange. In October 2025, Direxion launched a new family of ETFs into their ever-growing roster of leveraged and inverse funds: the Titans ETFs.
Having visited scores of companies around the world, conducted interviews with our team, and especially with Matt Ridley, we want to highlight what we think are the best of the best. These are our choices. But remember, ROS is a community. You will disagree with at least a few of my picks.
Investors and advisors have numerous goals to meet with their portfolios. Some investors full send their portfolios to produce as much capital appreciation as possible. Others, especially those at or near retirement age, look for current income and ballast to steady their financial ships.
Artificial-intelligence-related investment is one of the trends likely to sustain the rise of emerging market equities in 2026, as policy support also contributes to a favorable backdrop.
As we step into 2026, the financial landscape is shifting rapidly—new legislation, evolving markets, changing interest rates, and changing family needs may all shape the choices you make today.
With silver and gold both surging significantly higher over the past couple of weeks, a correction was inevitable. When an asset price quickly rises, at some point, it will ultimately become oversold. Investors book profits, and the price corrects.
The Federal Reserve delivered a widely anticipated rate cut in December, signaling caution about growth risks while maintaining a “wait and see” stance.
U.S. equities were little changed on Friday in a quiet, low volume session following the Christmas holiday, with a lack of major catalysts keeping trading subdued. All three major indexes finished modestly lower on the day, snapping a short rally, but still closed the week with solid gains.
RiverFront’s Investment Team is proud to present the summary of our 2026 Outlook, which will be released this Friday, December 19th. In 2025, the tech-heavy US stock market rode a wave of AI awareness and spending.
The U.S. economy appears poised for a measured and confident expansion into 2026 driven by a stabilizing monetary policy, corporate strength, and resilient household income growth. Our outlook suggests a supportive environment for risk assets, particularly domestic equities, while favoring specialized strategies in fixed income.
Thematic ETF assets climbed 49.6% through the first 11 months of 2025, reaching $467.93 billion by the end of November, according to research from ETFGI.
Franklin Templeton Institute believes tax-free municipal bonds continue to be well positioned in the current market environment.
When it comes to interpreting the economy we put a premium on sobriety. One good piece of economic data doesn’t mean a boom, nor does one bad report mean a bust.
We examine what’s driving gold’s ascent — from central bank reserves to portfolio hedging — and why it can play a strategic role for investors.
Micron Technologies (MU) rose 10% the week of December 15th, after the company markedly beat Q1 FY26 revenue and earnings expectations. The company is a key player in memory and storage products for many technology sectors, including AI data centers.
Silver surged above $80 an ounce on Friday, capping a meteoric rally that drove the metal’s price up 176 percent over the year. What is driving silver higher at such an unprecedented rate?
As we pass the halfway mark of the 2020s, comparisons now abound between our current decade and the roaring 1920s. F. Scott Fitzgerald best captured the opulence of the Flapper Era in The Great Gatsby, “They were careless people, Tom and Daisy — they smashed up things and creatures and then retreated back into their money or their vast carelessness.”
There is a rising market risk in 2026 that is largely overlooked as we wrap up this year. Optimism about 2026 is running high. Currently, investors are pricing in strong economic growth, robust earnings, and a smooth path of disinflation. Notably, Wall Street estimates suggest a significant acceleration in corporate profits...
The sovereign debt of developed market (DM) countries for decades was largely presumed to float free of governance and societal risk factors endemic to the sovereign issues of emerging markets (EM) countries. Global Bond Portfolio Manager Bill Campbell says this luxury is no longer the case.
Plenty of headlines were written as the One Big Beautiful Big Bill Act (OBBBA) made its way through U.S. Congressional debates earlier this year. For the advisor community, many were likely wondering how the OBBBA would affect their portfolio strategies. To be more specific, which investing themes could be boosted by this U.S. policy maneuver?
Global power demand is surging, energy security is the new macro imperative and innovation across grids and generation is redefining what “secure power” means for investors.
There are numerous hedging tools, each with its own benefits and drawbacks. One increasingly popular choice is the inverse exchange-traded fund (ETF), a vehicle designed to move opposite its benchmark and offer a straightforward way to target downside protection in a portfolio.
The “active” in active ETFs simply means there is not an underlying index. This somewhat obvious statement, made last February in my predictions column, was intended to dispel the misconception that active somehow means more risk or more tracking error, which certainly is not the case.
South Korea has been the top performer in 2025 in emerging markets equities through December 15, generating a 70.9% return in U.S. dollar terms. It has outperformed peers as well as developed markets, including the U.S.
Participants’ financial well-being is our top priority, and we know that they’re struggling with emergency savings, so we’re offering a way for participants to save with confidence—the Vanguard Cash Plus Account.
As we get ready to close out 2025, one stand-out trend in the U.S. Treasury (UST) market has been the steepening of the yield curve. The question now is whether this trend will continue into 2026, and if it does, how should investors position their bond portfolios?
AI remains the economy’s most powerful growth engine, but our Small Cap Growth team believes several other areas are also likely to deliver significant upside in the near-to-medium term.
Finding ways to effectively diversify a multi-asset portfolio allows investors to maintain their strategic equity allocation while managing risk. We may be entering a period when bonds can, at least in part, start to once again fulfill that function.
In a recent episode of the Money Metals podcast, host Mike Maharrey sits down with Peter C. Earle, PhD, of the American Institute for Economic Research (AIER) to unpack what the gold standard actually is—and why it still matters in a world of fiat money.
2025 was a good year for most fixed income markets but we’re approaching 2026 with caution. All-in yields are still attractive for most markets, but spreads (the additional compensation for owning riskier debt) are low, suggesting investors aren’t getting paid to take on a lot of credit risk right now.
As the dollar weakens and the migration to international equities continues, investors might still be on the fence when it comes to getting exposure.
Barring a miracle, bitcoin will end 2025 in the red, marking just the fourth time the largest cryptocurrency has done so in its history.
The Santa Claus Rally often grabs headlines because markets tend to deliver solid gains during this short window — or perhaps because it falls during a typically quiet news cycle.
Now that the Bureau of Labor Statistics (BLS) released the delayed October and November nonfarm payroll numbers, do we know more about the US labor market than we knew before the release? Probably not.
We guess if you say something enough, a lot of people will start to believe it. The current refrain is that the labor market is cold, weak, struggling. A Google search for “labor market” is eye opening. The first five headlines use the words ‘weakened,’ ‘troubling,’ ‘risky,’ ‘slowing,’ and ‘warning signs.’
CIO Sean Taylor reviews a year of strong performance across key Emerging Markets and Asia and looks ahead to robust investment opportunities in 2026.
It’s that time of year when Wall Street polishes up its crystal balls and begins predicting returns for 2026. Since Wall Street never predicts a down year, which would be unwise for fee-based product revenues, these forecasts are often inaccurate and sometimes significantly wrong. Let’s review some previous years.
Challenging the conventional view of gold as a bubble, this analysis explores whether the metal's 109% surge since 2024 signals a permanent paradigm shift rather than a looming crash.
After three strong years in a row, major indexes ended the year seeking direction. While optimism abounds, here are some potential issues that could trip up U.S. stocks.
2025 is drawing to a close, and investors have plenty to look back on. Active ETF performance and proliferation was once again an important theme, and as the category matures, its standout performers have diversified.
While often overlooked, water management plays an important role in oil and gas production. Oil wells typically produce more water than oil, while hydraulic fracturing (or fracking) requires water to be pumped into wells. Water infrastructure related to oil and gas production is considered midstream and is classified within gathering and processing.
Before we turn the page on 2025, let’s take a moment to reflect on the key trends that shaped the economy and financial markets this year. Despite heightened policy uncertainty and persistent geopolitical tensions, both proved remarkably resilient.
